Essays On Household Consumption

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Essays On Household Consumption

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Author : Matias Felix Barenstein
language : en
Publisher:
Release Date : 2004

Essays On Household Consumption written by Matias Felix Barenstein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.

Essays On Household Consumption And Income Underreporting

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Author : Merike Kukk
language : en
Publisher:
Release Date : 2016

Essays On Household Consumption And Income Underreporting written by Merike Kukk and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Consumption (Economics) categories.

Essays On Household Consumption And Income Underreporting

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Author : Merike Kuuk
language : en
Publisher:
Release Date : 2016

Essays On Household Consumption And Income Underreporting written by Merike Kuuk and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

Three Essays On Household Consumption

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Author : Judith Ay
language : en
Publisher:
Release Date : 2008

Three Essays On Household Consumption written by Judith Ay and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Consumption (Economics) categories.

Essays On Household Consumption And Relative Prices

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Author : Jacob D. Orchard
language : en
Publisher:
Release Date : 2022

Essays On Household Consumption And Relative Prices written by Jacob D. Orchard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.

Chapter one examines the cyclical behavior of low-income versus high-income household price indices and documents two new facts: (1) during recessions prices rise more for products purchased relatively more by low-income households (necessities); (2) the aggregate share of spending devoted to necessities is counter-cyclical. I present a mechanism where adverse macroeconomic shocks cause households to shift expenditure away from luxuries toward necessities, which leads to higher relative prices for necessities. I embed this mechanism into a quantitative model which explains over half of the cyclical variation in necessity prices and shares. The results suggest that low-income households are hit twice by recessions: once by the recession itself and again as their price index increases relative to other households. Chapter two presents evidence that the high estimated MPCs from the leading household studies result in implausible macroeconomic counterfactuals. Using the 2008 tax rebate as a case study, we calibrate a standard medium-scale New Keynesian model with the estimated micro MPCs to construct counterfactual macroeconomic consumption paths in the absence of a rebate. The counterfactual paths imply that consumption expenditures would have plummeted in spring and summer 2008 and then recovered when Lehman Brothers failed in September 2008. We use narratives and forecasts to argue that these paths are implausible. We go on to show that reasonable modifications of the model result in general equilibrium forces that dampen rather than amplify micro MPCs. We also show that estimators of the average treatment effect yield smaller micro MPC estimates than the standard two-way fixed effects estimators. The combination of smaller micro MPCs and dampening general equilibrium forces implies general equilibrium consumption multipliers that are below 0.2. In chapter three, I construct novel measures of household-level inflation and show that an increase in a household's personal inflation rate leads to a persistent increase in their price index. Households respond to a personal inflation shock by decreasing nominal consumption, which means their real consumption falls more than one-for-one. I also find a statisically robust relationship between inflation dispersion (the variance of household inflation rates) and the level of absolute aggregate inflation.

Essays In Household Consumption

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Author : Satyajit Dutt
language : en
Publisher:
Release Date : 2022

Essays In Household Consumption written by Satyajit Dutt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.

Essays On Household Consumption And Household Saving Behavior Of Chinese Urban Residents

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Author : Shaojie Zhou
language : de
Publisher:
Release Date : 2007

Essays On Household Consumption And Household Saving Behavior Of Chinese Urban Residents written by Shaojie Zhou and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.

Essays On The Effects Of Demographics On Household Consumption

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Author : Ekaterina Stepanova
language : en
Publisher:
Release Date : 2006

Essays On The Effects Of Demographics On Household Consumption written by Ekaterina Stepanova and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Consumption (Economics) categories.

Three Essays On The Geography Of Household Consumption Decisions

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Author : Jose Maria Casado Garcia
language : en
Publisher:
Release Date : 2011

Three Essays On The Geography Of Household Consumption Decisions written by Jose Maria Casado Garcia and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Academic theses categories.

Essays On Household Finances Consumption Individual Mental Health

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Author : Caitlin McKennie
language : en
Publisher:
Release Date : 2022

Essays On Household Finances Consumption Individual Mental Health written by Caitlin McKennie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.